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CNN
Dec 29, 2012 3:00am PST
pressure is on for senate majority leader harry reid to cobble together the deal. minority leader mitch mcconnell to ensure no republicans block the bill. for house speaker john boehner to agree to bring it to a vote on the house floor, and leader nancy pelosi to produce the huge number of democrats needed to pass it. but if that plan falls through -- >> then i will urge senator reid to bring to the floor a basic package for an up or down vote. >> the president's basic package has much more for democrats to like. so don't expect that to get very far. but all sides now agree the senate must first pass a bill before the house makes any kind of move. so all eyes will be on mitch mcconnell and harry reid and their negotiators holed up on capitol hill. the senate comes back into session at 1:00 on sunday. >> jessica yellin, thanks. >>> and with the pressure now squarely on the senate to fix the fiscal cliff, they will lead the talks this weekend. a period of time reid calls, quote, very important, mcconnell says he's hopeful both sides will have a plan to present to their respective members
CNN
Dec 30, 2012 3:00am PST
president asked harry reid to prepare a separate bill to put on the floor of the senate that would raise taxes on households that earn $250,000 or more. now, that's really a democratic proposal and you could expect republicans to block it, so, rather than thinking of that as a stop gap measure, probably think of it as a political measure to shift the responsibility for failure on to republicans just before the nation hits the hour of wreckening. alison? >> thanks. >>> lawmakers could vote as early as today and when it happens, you can watch live coverage right here on cnn. >>> the president will continue to plead his case for a deal today. he's making his first appearance on a sunday talk show in more than three years. he'll be on nbc's "meet the press." he'll call for an immediately vote for congress on a scale-back plan that would only extend middle class tax breaks if the negotiations fail. >>> other news now, second degree murder as a hate crime. that's the charge facing erica menendez. she is the woman accused of shoving a man to his death in front of a subway strain on thursd
CNN
Dec 22, 2012 4:00am PST
person with harry reid, although what the private happened, we don't know. but publicly things sound a lot like they have for the past few weeks. take a listen. >> every member of congress believes that, every democrat, every republican. so there is absolutely no rea n reason, none, not to protect these americans from a tax hike. at the very least, let's agree right now what we already agree on. let's get that done. >> what the president has offered so far simply won't do anything to solve our spending problem and begin to address our nation's crippling debt. instead, he wants more spending, more tax hikes that will hurt our economy. >> bottom line, right now we're hearing a lot less talk about some sort of a grand bargain. and instead, maybe some stopgap measures to give some certainty to americans before that end of the year deadline. randi? >> and is it just the taxes that's holding out the agreement or something more at this point? >> it's hard to know exactly. it seems like the biggest sticking point that we are hearing discussed publicly remains those taxes. $250,000 that america
CNN
Dec 22, 2012 3:00am PST
harry reid. however, publicly what is being said sounds a whole lot like it has over the past couple of weeks, which tells us, randi, we're not exactly sure if we're going to get something worked out in the next few days. >> yeah, that's the question, of course. are we any closer? and i guess we don't really know. what about for workers? will they see any extra taxes coming out of their paychecks right on january 1st if there isn't a deal? >> you know, imagine being a payroll check processor at this point. they do not know what to do. if they are going to issue checks to people on the first week of the new year, a lot of people are expecting them to come, they have to cut those checks next week. and as of now, the irs hasn't told these companies how much they should be withholding taxes because they don't know because of this impasse in washington. so a lot of uncertainty about when this would start to be applied. would it be retroactively. don't know what your first paychecks could look like as a result of what's going on here. if no deal is reached, if the payroll tax holiday is no
Search Results 0 to 3 of about 4